Liquidation Reference: $689.7858
Entry Zone: $686 – $693
Stop-Loss: $707
Take-Profit Targets:
TP1: $673
TP2: $659
TP3: $645
Market Analysis:
The reported long liquidation near $689.79 suggests that buyers faced pressure around this level. A failed attempt to reclaim the liquidation zone could create another downside opportunity. Watch for lower highs, rejection candles, and increasing selling volume before considering a short position. Confirmation is essential because liquidation activity alone does not establish a trend.
Invalidation: A sustained move above $707 weakens the bearish outlook and cancels the trade.
Use disciplined risk management.
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